Goldman faces fixed-income probe

ChristinaRexrode

NEW YORK (MarketWatch) -- Goldman Sachs Group Inc.
GS, -1.03%
is facing an investigation related to its bond unit, the bank said in a regulatory filing Friday. The bank gave few details, but said that its "allocations of and trading in fixed-income securities" are among the topics being examined by regulators. In the same filing, Goldman lowered its predictions for how much it might have to spend in legal expenses beyond regular reserves, compared to the previous quarter. The bank said it may need to spend up to $3.6 billion extra, down from its third-quarter prediction of $4 billion. Goldman's fixed-income unit is among its most important, though the business has sputtered industrywide. Read more on The Wall Street Journal.

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